A contract to provide annual seniority-based employee compensation. Given as compensation for their service to top pay-scale employees.

Traded on the stock exchanges and over the counter, with long expiration dates of two to five years instead of the usual nine months, this is a US call or put option

Contracts over a period of one year in length with construction performance related activities. Residential and commercial construction contracts are typical for this type.

A year or more in the future, either from the balance sheet date or today, this obligation is due in goods or services. Disclosing its long-term liabilities with their interest rates, other

The current market value of a brokerage account’s securities calculated daily.

The government’s or central bank’s monetary policy and how the nation’s money supply is managed. It occurs by expanding the money supply and encouraging citizens and economic growth with easy access to

Without violating its literal interpretation, an allowed legal interpretation or practice unintentionally ambiguous due to a textual exception, omission, or technical defect, evades or frustrates the intent of a contract, law, or

The insurer / insurance company hires one for an insured’s insurance claim investigation and settlement an insured. This person is typically and independent entity. Also refer to loss assessor.

Claim adjustment’s total cost over and above the actual claim payout, which is excluded.

Current year’s net loss offsets previous year’s taxable income as an accounting adjustment, giving a tax refund as already paid. US tax law allowance. Also refer to loss carryforward.

The insurer / insurance company hires one for an insured’s insurance claim investigation and settlement an insured. This person is typically and independent entity. Also refer to loss adjustor.

Determining if a company is paying employment taxes on the correct depositing schedule during this timeframe. July 1 through the next June 30 is this timeframe. A company decides during this time

Compared to other risks in the same classification, this amount intends to offset greater-than-average losses most smaller risks have.

Later-date amount reporting compared to the insured’s original estimated loss value.

In accordance with the terms and conditions of the rental agreement, safe driving of a rental car relieves the customer of damages arising from loss of the car or any damage to

When new equity is issued after a trigger event. It is a contingency measure.

IRS rule: corporation cannot file one tax return covering the corporation that includes subsidiaries owned by a third party. This prevents corporate use of losses incurred by the other owner, not the

Damages resulting from a pending lawsuit are an example of a potential liability that is probable and reasonably estimable forced to use this provision.

When a buyer can review the price changes and take the highest profit point. Refer to fixed strike and floating strike look back options as well as options on the maximum or

A rule preventing take over by no allowing any partner owning more than 10% from converting their stock into voting stocks.